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Andrew Carnegie believed that wealth should not be inherited by the descendants of the wealthy because he felt it could lead to a lack of ambition and responsibility among heirs, ultimately resulting in societal stagnation. He argued that it was better for wealthy individuals to use their fortunes to benefit society, as exemplified in his essay "The Gospel of Wealth." Carnegie contended that the rich have a moral obligation to give back to the community and support initiatives that promote the common good, rather than allowing their wealth to perpetuate privilege within their families.

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WhatAmerican businessman believed that people should give away all excess money?

Andrew Carnegie


Which American businessman believed that people should give away all excess money?

Andrew Carnegie


In the gospel of weath Andrew Carnegie argued that?

In "The Gospel of Wealth," Andrew Carnegie argued that the wealthy have a moral obligation to use their riches for the greater good of society. He believed that philanthropy should be a primary responsibility of the affluent, who should invest in projects that improve community welfare and enhance social progress. Carnegie advocated for the idea that wealth should be distributed during one's lifetime, rather than inherited, to promote a more equitable society. Overall, he saw philanthropy as a means to address social issues and uplift the less fortunate.


What did Andrew Carnigie do with his wealth?

Andrew Carnegie used his wealth primarily to promote education and philanthropy. He established numerous libraries, schools, and universities, including the Carnegie Libraries and Carnegie Mellon University. Additionally, he funded scientific research and cultural institutions, believing that wealth should be used to benefit society and improve the lives of others. His philanthropic efforts were guided by the principle that the rich have a responsibility to give back to the community.


Who do socialists believe should own businesses?

Socialists believe there should not be businesses in the current sense. The land, factories, offices etc should belong to all the people in common.

Related Questions

Why did Carnegie believe that money should not be left to the families of the decedents?

Carnegie believed that money should not be left to the families of decedents because he thought the money was better spent or given away during a lifetime. He also believed that the people who received the inheritance spent the money foolishly.


Did the Sunnis believe that all caliphs should be descendants of Muhammad son In law Ali?

yes


Did the Sunnis believe that all caliphs should be descendants of Muhammad's son in law Ali true or false?

TRUE


Some people in rural north Africa and southwest Asia believe what?

that muhammad's descendants should lead the islamic community.


What did the puritans believe about towns and churches?

Govern themselves, and that people should work hard and live in stable families


What did Andrew Carnegie believe?

The wealthy should repay their debt to society. That the rich should help the poor


What did Andrew carnegie believe that the wealth had a responsibility to do?

Andrew Carnegie believed that those who amassed wealth had a responsibility to use it to benefit society, particularly through philanthropy and supporting public causes such as education and libraries. He famously espoused the idea of "the Gospel of Wealth," arguing that the wealthy should use their resources to improve the well-being of others.


What is the median income for white families?

On This Week TV Show A Panel member stated that the median income for white families was 113,000 and 5,000 for black families. I do not believe these stats. Could you please find the correct numbers/ <><><><> You SHOULD distrust those numbers. From the US Census Bureau- White families- $54,461 Black Families- $32,584


What does Carnegie think wealthy people should do with their health?

Pitch Rich.


Who was the first industrialist to advocate the gospel of wealth?

Andrew Carnegie was the first industrialist to advocate the gospel of wealth. He believed that the wealthy had a responsibility to use their wealth to benefit society and help those less fortunate. Carnegie promoted the idea that the rich should engage in philanthropy and contribute to the welfare of the public.


Why does carnegie believe that the millionaire is the trustee for the poor and that di?

Carnegie believed that the wealthy have a duty to use their resources to benefit society as a whole. He saw millionaires as trustees who should work to improve the well-being of society by redistributing their wealth through philanthropy. This approach would help address social inequalities and contribute to the greater good.


How did the federalists believe the government should be organized?

The federalists believed that regular, hardworking, and patriotic people should govern. They did not believe in people governing based on the families they were from.